KARNES New Membership Surges Heading Into Final Quarter

Posted on November 7, 2014 by - Asheville, Charlotte, Commercial Property Exchange, CPE Weblink, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Uncategorized, Users, Western NC, WNC CPE

New KARNES MembersWith only 2 months remaining in 2014, we reflect on new companies and brokers across North Carolina that have joined the past two months. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make the remainder of 2014 a success!

 

Welcome New Members

  • Karen Gleason at Mosaic Community Lifestyle Realty
  • John Purdie at Mosaic Community Lifestyle Realty
  • Sam Munday at NAI Piedmont Triad
  • Tony Bates at NAI Piedmont Triad
  • Tom Flanagan at NAI Piedmont Triad
  • Nancy Cox at NAI Piedmont Triad
  • Matt King at CBRE
  • Mark Cartin at McColgan & Company
  • Heide Foley at Sanur Brokerage
  • Brian Shore at Bray Sales Agency, LLC
  • Emmanuel Choice at Urban Equity Advisors, LLC
  • Mark Mahoney at Colliers International
  • Jeremy Owen at Steve Owen and Associates
  • Robert Isner at NAI Piedmont Triad
  • Katina Long at Coldwell Banker Commercial-MECA
  • Ashley Blackburn at Greensboro Regional Realtors Association
  • Jessica Jackson at Locus Real Estate Advisors, Inc.
  • Pete Burgess at Burgess Management Corp.
  • Michael Tuck at Grubb Properties, Inc.
  • Mark Bloomer at ACT Realty Advisors, Inc.
  • Deven Griffin at Colliers International
  • Sherman Walters at National Restaurant Properties
  • Frederick Maerkle at American Investment Brokers
  • Spencer Bennett at The Meridian Realty Group, Inc
  • William Yeager at Mosaic Community Lifestyle Realty
  • Brownie Rogers at The Nichols Company
  • Thomas B. Miller at Miller Development
  • Vince Vickers at KW Commercial
  • Chip Culler at Craven-Johnson-Pollock, Inc.
  • Vince Simonetti at Sperry Van Ness/Commercial Real Estate Advisors
  • Charles Mays at Coldwell Banker Commercial Triad
  • Travis Carter at Koury Corporation

The following firms will also be utilizing the Weblink services provided by a KARNES system to power their website.

  • Simpson Commercial Real Estate
  • W. E. Damon & Associates

Not a subscriber? Contact our sales team today!

KARNES Tri-City North Carolina Retail 2013 Year in Review

Posted on July 21, 2014 by - Chapel Hill, Charlotte, Commercial Property Exchange, Construction Update, Development, Durham, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

A combined total of 144.8 million square feet of retail space was located within the Tri-City area at the end of 2013. With a retail inventory totaling approximately 60.7 million square feet, the Charlotte market was the largest of the three North Carolina retail markets, accounting for 42% of the retail inventory. The Triangle market ranked second with 46 million square feet of retail space, while the Triad maintained 38 million square feet of retail space. After declining to a historical low of 541,782 square feet in 2002, retail construction increased to nearly one million square feet in the Tri-City markets during 2013. New retail supply during 2013 was most pronounced in the Triangle region, where 693,982 square feet of new space was delivered. The Charlotte region ranked second with 231,680 square feet of new retail space completed during 2013, while the Triad region reported 38,000 square feet of new retail during 2013. Only the Charlotte region reported a continued decline in new construction from the level reported in 2012. While retail construction in the Tri-City area increased during 2013, the level of new supply remained well below the 2.6 million square feet averaged annually between 2008 and 2011.
KARNES Tri-City Retail Vacancy Trends
The relatively low supply-side pressures from new construction allowed for vacancy rates to decrease in all of the Tri-City markets during 2013. At 8.0%, the Charlotte retail vacancy rate decreased 0.6% of a point during 2013 as net absorption totaling 494,986 square feet outpaced the 231,680 square feet of new supply. Despite the decrease, the Charlotte vacancy rate remained above the 6.9% reported in 2008. The Triangle retail vacancy rate decreased 0.4% of a point during 2013 as net demand totaling 849,391 square feet outpaced 693,982 square feet of new supply. The Triangle’s 2013 vacancy rate of 6.6% was the lowest of the Tri-City markets, but remained 0.1% of a point higher than the 6.5% reported in 2008. New retail supply totaling 38,000 square feet in the Triad market was outpaced by net demand totaling 386,123 square feet during 2013. As a result, the Triad retail vacancy rate decreased 0.9% of a point to 10.1% from the 11.0% reported at the end of 2012. Despite the decrease, the rate remained 0.5% of a point higher than the 9.6% reported at the end of 2010.
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KARNES Tri-City North Carolina Office 2013 Year in Review

Posted on July 21, 2014 by - Charlotte, Commercial Property Exchange, Construction Update, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Office, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE

A combined total of 117 million square feet of office space is located within the Tri-City area. Totaling nearly 50 million square feet at the end of 2013, the Charlotte market is the largest of the three North Carolina office markets. The Triangle market ranked second with 41.4 million square feet of office space, while the Triad maintained 25.7 million square feet of office space. After reporting a total of 1.48 million square feet of new office construction in the Charlotte, Triangle, and Triad regions during 2012, new supply came to a halt during 2013 and marked the first time in over 25 years that no new office space was completed in the combined Tri-City region.

The decrease in supply-side pressure allowed for gains to be reported in each of the Tri-City markets. The Charlotte market reported the greatest gains during 2013 as net absorption (demand) totaling 1.3 million square feet resulted in a 2.5%-point decrease in the office vacancy rate. The year-end 2013 rate of 14.8% in Charlotte was the lowest vacancy rate among the three markets, with the Triangle and Triad both reporting a rate of 15.0%. The year-end 2013 Triangle vacancy rate was 0.6% of a point lower than the year-end 2012 rate as net absorption totaled 204,615 square feet. The Triad region reported a 0.2% of a point decrease in vacancy during 2013 as net absorption totaled 162,219 square feet.

KARNES Charlotte Office Leasing Activity

With net absorption totaling 1.3 million square feet, the Charlotte region reported the highest level of net demand during 2013. The Triangle region ranked second in terms of office demand during 2013 with net absorption totaling 204,615 square feet. The Triad market reported 162,219 square feet of net demand during 2013. Four office tenants occupied over 100,000 square feet in the Tri-City markets during 2013, with the largest tenant occupancy reported at Ballantyne – Gragg Building, where MetLife took 284,212 square feet. MetLife also accounted for the fourth largest gain as the company took 104,747 square feet of space at Ballantyne Three. Ballantyne Corporate Park also accounted for the largest contraction during 2013 in the Tri-City markets as AXA Equitable Life Insurance relocated from 152,000 square feet at Ballantyne – Rushmore One to 141,647 square feet at Innovation Park Building 202.

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Shaking Up SouthPark Mall – New Luxury Occupants and Stalwart Tenant Relocations

Posted on July 11, 2014 by - Charlotte, Retail, SiteIndex

Recently, our research team took the opportunity to check out the latest tenant activity at Charlotte’s SouthPark Mall, where a lot of changes were underway. The fall should see a flurry of new openings as stores currently under construction include:

Athleta Under Construction

Athleta Under Construction

Athleta, a fitness fashion brand for women that is part of the Gap’s ownership group, will open in the main entrance near Cheesecake Factory across from Starbucks in the space that formerly housed Wentworth Gallery, The Walking Company.

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Boston Proper Under Construction

Boston Proper Under Construction

Boston Proper, a popular women’s fashion catalog and website, will open a boutique in the Sur La Table’s former space in the Nordstrom wing.


H&M Under Construction

H&M Under Construction

H&M, or Hennes & Mauritz AB which sells cost-friendly contemporary clothing and accessories for women, men and children, plans for fall completion in the Macy’s wing. Dispaced tenants from H&M’s arrival include Aeropostale, Amy’s Hallmark, Copacetic, Pink & Blue, SouthPark Optical (relocated and opened in the Belk wing across from Gap), and Nestle Toll House (relocated to former Skechers at across directly across from its former location at the entrance of the food court).


American Girl Under Construction

American Girl Under Construction

American Girl, an experiential retailer of high-end dolls, doll outfits, accessories, girl-sized clothing, American Girl books, will open in the Macy’s wing in the spaces formerly housing Delia’s and Mori Luggage (relocated to the main entrance). The new store will also offer a 25-seat Bistro for Doll Hair Salon.


Armani Collezioni

Armani Collezioni

Armani Collezioni, a sub-label of Giorgio Armani, opened in the Neiman Marcus wing in June.


Lush UC

LUSH, an elite nail bar, will open in the former Rocky Mountain Chocolate Factory space at the entrance to the Macy’s Wing.


Sur La Table

Sur La Table

Sur La Table relocated and opened in the former Anne Taylor space in the Dillard’s wing. Ann Taylor relocated to the former Justice space next to Banana Republic.


Kate Spade relocated next to David Yurman

Kate Spade relocated next to David Yurman

Kate Spade New York recently relocated to the Nordstrom wing.


The Limited

The Limited’s newly remodeled store

The Limited, recently closed its temporary store in the Macy’s wing, for the opening of its remodeled store which opened in June down the hall in the Macy’s wing.


Lacoste's new location next to Lululemon

Lacoste’s new location next to Lululemon

Lacoste relocated from their space in the Nordstrom Wing to Kate Spade’s former space in the Belk’s wing next to Lululemon.


Juicy Couture Closed

Juicy Couture Closed

Juicy Couture closed next to Tori Burch in the Nieman Marcus wing.

Register Now To Attend The SiteIndex Training Before BrokerNet on Wednesday, June 25

Posted on June 25, 2014 by - BrokerNet, Charlotte, Commercial Property Exchange, CRCBR, SiteIndex, Subscribers, Tips & Tricks, Training, Users

Online WebinarIf you have not registered already, please register now for the SiteIndex training to be held in-person prior to the BrokerNet on Wednesday, June 25th.  This training will cover recent updates to SiteIndex as well as various key functions.  The training will also provide a great opportunity for users to ask specific questions as well.

The training will be held from 2:30PM–4:30PM at the offices of Piedmont Properties in South End, located at 115 East Park Avenue, Suite B.  Please keep in mind that this training session is limited to only 12 registrants and registration is available through SiteIndex using this link.

KARNES Continues New User Surge In May

Posted on June 2, 2014 by - Asheville, Chapel Hill, Charlotte, Commercial Property Exchange, CPE Weblink, Durham, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Office, Raleigh, Retail, SiteIndex, Triad CIE, Triangle CPE, Users, Western NC, WNC CPE

New KARNES MembersAs May 2014 comes to an end, we reflect on new companies and brokers across North Carolina that have joined this past month. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make 2014 a success!

Welcome New Members

  • Jamie Davis at Colliers International
  • Jessica Peadon at Colliers International
  • Caroline Gorrell at Key Commercial Real Estate
  • Lee Jackson at Legacy Real Estate Advisors, LLC
  • Scott Davies at NAI Southern Real Estate
  • Jean King at Berkshire Hathaway HomeServices Yost & Little Realty
  • Tracy Dodson at Lincoln Harris – Corporate
  • Alec Cantley at Carolina Mountains Sales
  • Paul Pursell at Colliers International
  • Robert Podewils at Sperry Van Ness/Commercial Real Estate Advisors
  • Don Batten at Real Living Pittman Properties
  • Elizabeth Luck at Real Living Pittman Properties
  • Mark Staples at KW Commercial-Chapel Hill
  • Jared Londry at Cassidy Turley
  • Jasmine Turner at Legacy Real Estate Advisors, LLC
  • Mike Linford at KW Commercial-Chapel Hill
  • Joe Tomlinson at Berkshire Hathaway HomeServices Yost & Little Realty
  • SiteIndex CPE Weblink: Clearview Commercial Real Estate Advisors

Not a subscriber? Contact our sales team today!

Commercial Spotlight 2014: Prizes Await You at SiteIndex Booth

Posted on May 27, 2014 by - Charlotte, Commercial Property Exchange, CRCBR, Events, Raffle, SiteIndex, Users

SiteIndex TrainingThe KARNES team will be representing SiteIndex at the 2014 Commercial Spotlight.  Commercial Spotlight is the largest CRCBR industry trade show and networking event and is expecting over 250 members of the Charlotte commercial brokerage community!

If you are present at the event, be sure to stop by the SiteIndex booth as we will have handouts, prizes, and a putting contest taking place!

The event will be held Wednesday, May 28th at 525 N. Tryon St., 7th Floor, Charlotte, NC 28202, from 5-7PM.

KARNES “Springing” with New Subscribers

Posted on April 4, 2014 by - Asheville, Charlotte, Commercial Property Exchange, Durham, Greensboro/Winston-Salem/High Point, Industrial, New Users, Office, Raleigh, Retail, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Users, WNC CPE

KARNES Springing with New SubscribersWith Spring in the air, we are excited to welcome the following organizations and subscribers who will be utilizing the power of a KARNES-powered commercial property exchange to spring forward in 2014!

Welcome New Members
  • Scott Farmer at Scott Farmer Properties, Inc.
  • Lee Burgess at Amicus Commercial Real Estate
  • David Krug at David Krug & Associates
  • John Salisbury at Capstone Real Estate Services
  • Brian Smith at CIP Real Estate Property Services
  • Phil Begany at Lat Purser & Associates
  • Marlane Klintworth at Lat Purser & Associates
  • Stephen Woodard at JLL
  • John Christenbury at Cassidy Turley
  • Karen Mankowski at Newmark Grubb Knight Frank

Not a subscriber? Contact our sales team today!

Childress Klein Responds to Tightening Warehouse Market

Posted on March 31, 2014 by - Charlotte, Construction Update, Development, Industrial, SiteIndex

Childress Klein began marketing 310,690 square feet of speculative warehouse space at Ridge Creek West I in response to the tightening warehouse market in the Charlotte region.

Construction of the new building is scheduled to begin the first week of April and should complete by the end of 2014. The building will feature a 30’ clear height, 52’ wide by 50’ deep column spacing and access to extensive on-site trailer storage that will be ideal for distributors and manufactures seeking easy access to I-77, I-485, Highway 49 and the Charlotte/Douglas International Airport.

Charlotte’s 2013-year-end vacancy rate was reported at 6.9% and was the lowest recorded warehouse vacancy rate since KARNES began tracking the market in 1988. Nearly 930,000 square feet of positive net demand was reported in the Southwest warehouse submarket through 2013 resulting in a 7.5% vacancy rate to end the year.

At 310,690 square feet, Ridge Creek West I will be the largest warehouse building under construction in the region. Steele Creek Commerce Park, also in the Southwest submarket, was the only speculative warehouse project under construction in the region at the end of 2013 and will total over 465,000 square feet when fully developed. Pre-leasing has been successful at Steele Creek Commerce Park as Building 1 (70,000 square feet) will be occupied by Kuehne & Nagel Inc. and half of the 70,000-square-foot Building 2 will be occupied by Huber + Suhner.

The Ridge Creek Distribution Center campus already boasts over 1 million square feet of distribution space but only 121,680 square feet was reported available in Ridge Creek Distribution Center IV nearing the end of the first quarter of 2014.

SiteIndex Just Keeps Getting Better

Posted on March 28, 2014 by - Charlotte, Commercial Property Exchange, New Features, SiteIndex, Tips & Tricks

Over the past few months the KARNES team has been working diligently to enhance SiteIndex and we are pleased to provide you a with an overview of the many new features and upgrades that have been put in place.

Brochures

We are continually looking for ways to improve our brochure creation process and a lot of effort went into making these even better over the past few months. Streamlining the process of creating a brochure was implemented as well as the following key upgrades:

Add Listing Flyers

Looking to create a comprehensive package to take to your client? Look no further than this new feature to Brochures. With the simple click of a button, you can now include all flyers (PDF only) attached to any listing. This works when creating a Brochure of a single listing or even a Brochure from a portfolio of listings. All listing flyers are included in the correct order allowing you to quickly email or print all information on a listing or set of listings.

Add a Flyer

 

Unit Details on One Page

Looking to create a Brochure for a listing that has many units? This new features allows you to include all of the unit details for any listing on a separate page. Great for those office towers!

Include Unit Details

Transaction Details on One Page

Are you looking to create a Comp Brochure for a property with multiple transactions? Then the new Transactions Details option will allow you to add one page to any Brochure that includes all of the transactions recorded on a single property.

Appending Comp Details

Mapping

Mapping is crucial to commercial real estate and SiteIndex is always seeking to improve how we view and find properties when using a map. We are please to announce that the entire mapping platform was upgraded over the past few months and has resulted in faster speeds, better support for mobile and newer bowsers, better geocoding and much more, including the following:

Street View Available on All Maps

With this latest upgrade you can now access Google’s Street View feature when viewing any map on SiteIndex. Simply click on the Street View Man and position on the road you would like to view and that’s all there is to it!

Street View
Bird’s Eye View Available on All Maps

If the satellite or street view options don’t provide enough details for you, there are now Bird’s Eye View (45 Degree) images available to you in many areas. Simple click on the Satellite option and zoom in until the 45 Degree option is activated. Please note this is only available in some areas.

Birds Eye View

Improved Polygon and Radii Searches

Polygon and Radii map searches are among the most powerful features of SiteIndex and we’ve only gone and made them better! When searching, simply click on the Map tab and select from either the Polygon or Radii to begin utilizing this feature. We’ve made the creation of polygons and radii even smoother in this new version and you can even fine tune your polygon or radii after you’ve performed a search. Did you work hard to create the perfect polygon? Be sure to save your search to utilize it over and over again!

Polygon Search

We Didn’t Stop There!

In addition to these great new features, we also fine-tuned and upgraded many other areas of SiteIndex. Below is a list of changes (not comprehensive) that have been made:

• Added a pagination bar to the bottom of the screen when more than 5 results per page selected

• Created a method to allow users to define default search result display (number of listings per page, etc.)

• Upgraded coding to work better with the latest browsers

• Added traffic analysis and transaction analysis to the main navigation menu

• Added option to allow for the creation of a PDF of traffic analysis

• Added ability to delete multiple portfolios

• Show Listing Details on Private Listing to Listing Owner Only

• Added option to sort a Portfolio by Sale Price Per SF or Acre

• Economic Developer Link adjustments to allow for customization of style and support for additional query parameters

 

And We Are Just Getting Started

These are just a sampling of the new features and upgrades to SiteIndex over the past few months, but we are not stopping there. Expect many more things to come during 2014!

Thanks for your continued support of SiteIndex and KARNES!